Hrvatski Telekom

HT acquisition prompts ZSE indices to rise to record high since mid-2011

The news that the Croatian telecommunications company Hrvatski Telekom (HT) signed an agreement on Tuesday to buy 76.53 percent of shares in Montenegro's Crnogorski Telekom from Hungary's Magyar Telekom for EUR 123.5 million propelled the Zagreb Stock Exchange (ZSE) Crobex index to rise by 0.98% to 2,056.04 points, a record high since August 2011, whereas trading reached HRK 21.5 million, 16 million more than on Monday.

Croatia's HT buys majority stake in Montenegrin Telecom

The Croatian telecommunications company Hrvatski Telekom (HT) signed an agreement on Tuesday to buy 76.53 percent of shares in Montenegro's Crnogorski Telekom from Hungary's Magyar Telekom for EUR 123.5 million, which is HT's first major regional acquisition.